Solidion stands by below-market offer for Flux Power after board rejection
Bitget2026/10/05 10:02Solidion Technology held to its previously disclosed acquisition proposal for Flux Power, calling it best and final following Flux’s board rejection. Solidion said it sees no basis to raise the offer, citing Flux’s need for highly dilutive financing and elevated default risk. Solidion estimated Flux requires at least $10 million in new capital to meet its stated objectives. Solidion pointed to Nasdaq bid-price compliance pressure on Flux, noting a July 24, 2026 notice tied to trading below $1 for 30 days. Solidion said it is pursuing other acquisition prospects in parallel with Flux. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solidion Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610050600PR_NEWS_USPR_____DA63466) on October 05, 2026, and is solely responsible for the information contained therein.
- Solidion Technology held to its previously disclosed acquisition proposal for Flux Power, calling it best and final following Flux’s board rejection.
- Solidion said it sees no basis to raise the offer, citing Flux’s need for highly dilutive financing and elevated default risk.
- Solidion estimated Flux requires at least $10 million in new capital to meet its stated objectives.
- Solidion pointed to Nasdaq bid-price compliance pressure on Flux, noting a July 24, 2026 notice tied to trading below $1 for 30 days.
- Solidion said it is pursuing other acquisition prospects in parallel with Flux.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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